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Sofia can expect healthy inflow of companies

Date: 26.10.2007

Bulgaria's capital Sofia can expect a healthy inflow of companies on its market as the city sees greater interest from investors, showed a survey by Cushman & Wakefield, conducted among Europe's major business cities each year since 1990.

Prague, Warsaw, Budapest and Bucharest can also expect a big inflow, with Prague seeing a significant rise in interest year on year.

Still, regarding familiarity with other European cities, Sofia scored last. The study this year allowed for 33 major cities to be studied in depth. Companies were asked which other European cities they felt were important as business locations and how well they know them. This year the list is headed by Valencia followed by Turin and Marseille.

In light of further expansion towards Eastern Europe, Sofia scored fourth in terms of greatest business opportunities, standing behind Bucharest, Istanbul and Moscow.

The data was researched independently for Cushman & Wakefield by Taylor Nelson Sofres and senior executives from 500 European companies gave their views on Europe's leading business cities.

In the overall rating of best cities for business, the top cities of London and Paris continue to lead by some margin. London increases its lead yet again over Paris in terms of actual score. Frankfurt and Barcelona consolidate their position.

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